Economy, Business And Markets
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TSE Gauge Ends Week 0.39% Lower

TSE Gauge Ends Week 0.39% LowerTSE Gauge Ends Week 0.39% Lower

Tehran Stock Exchange’s benchmark index shed 286 points or 0.39% during the trading week that ended July 13 to close at 73,763.

Over 4.9 billion shares valued at $398 million were traded in 287,000 transactions during the week. The number of traded shares and weekly trade value plunged by 98% and 97.5% respectively compared to the previous week.

The First Market Index lost 133 points or 0.26% to end at 51,338 and the Second Market Index wiped 1,028 points or 0.63% to stop at 162,942.

More than 1.1 million Musharakah bonds changed hands valued at $33.6 million during the week, indicating a 68% and 76% growth in number and value over the preceding week respectively.

The “tanning, leather treatment and shoemaking” group of TSE-listed industries recorded the highest weekly rise in share value (5.53%), followed by “tiles and ceramics” (4.85%) and “technical and engineering services” (3.62%).

Meanwhile, IFX, the over-the-counter Iran Fara Bourse’s main index lost 16.8 points or 3% during the same week to end at 766.9.

Over 820 million securities valued at $134.4 million were traded in 91,000 transactions at IFB. The number of traded shares and weekly trade value dropped by 26% and 39% respectively compared to the previous week.

IFB’s market cap lost $327.5 million or 1.2% to stop at $26.3 billion.

The over-the-counter market’s First Market witnessed the trading of 97 million securities valued at $4.8 million, indicating a 40% and 49% drop in the number of traded securities and trade value respectively.

Some 372 million securities valued at $25.4 million were traded in the Second Market, indicating a 25% and 26% decline respectively.

The “base metals” group of IFB-listed industries had the highest weekly rise in share value (32%). “Banks and credit institutions” (10%) and “paper products” (8%) came next.

 

Financialtribune.com